MQS Management LLC Takes Position in Global Net Lease, Inc. (NYSE:GNL)

MQS Management LLC purchased a new position in shares of Global Net Lease, Inc. (NYSE:GNL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 37,441 shares of the financial services provider’s stock, valued at approximately $315,000.

A number of other hedge funds have also recently added to or reduced their stakes in GNL. BNP Paribas Financial Markets raised its stake in shares of Global Net Lease by 58.7% during the 1st quarter. BNP Paribas Financial Markets now owns 103,420 shares of the financial services provider’s stock worth $804,000 after buying an additional 38,252 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Global Net Lease by 28.9% in the first quarter. Janney Montgomery Scott LLC now owns 123,528 shares of the financial services provider’s stock worth $960,000 after acquiring an additional 27,723 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in Global Net Lease by 1.0% in the first quarter. Texas Permanent School Fund Corp now owns 170,328 shares of the financial services provider’s stock valued at $1,323,000 after acquiring an additional 1,689 shares during the period. ProShare Advisors LLC lifted its holdings in Global Net Lease by 7.3% in the first quarter. ProShare Advisors LLC now owns 39,265 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 2,686 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in shares of Global Net Lease during the 1st quarter worth $3,798,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

Insider Activity at Global Net Lease

In other news, major shareholder Nicholas S. Schorsch acquired 100,000 shares of Global Net Lease stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average price of $7.72 per share, with a total value of $772,000.00. Following the completion of the purchase, the insider now owns 1,829,073 shares of the company’s stock, valued at approximately $14,120,443.56. This represents a 5.78 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

GNL has been the subject of a number of research analyst reports. Truist Financial increased their price target on shares of Global Net Lease from $8.00 to $8.50 and gave the company a “hold” rating in a report on Wednesday, August 21st. StockNews.com raised shares of Global Net Lease from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, B. Riley lowered their price target on Global Net Lease from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.83.

Global Net Lease Stock Performance

NYSE:GNL opened at $7.28 on Friday. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.68 billion, a P/E ratio of -7.74, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38. The firm has a 50-day moving average price of $8.30 and a two-hundred day moving average price of $7.99. Global Net Lease, Inc. has a twelve month low of $6.52 and a twelve month high of $10.19.

Global Net Lease (NYSE:GNL) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.65). Global Net Lease had a negative return on equity of 7.04% and a negative net margin of 21.37%. The business had revenue of $196.56 million for the quarter, compared to analysts’ expectations of $198.76 million. During the same period last year, the business earned $0.36 earnings per share. As a group, research analysts expect that Global Net Lease, Inc. will post 1.27 earnings per share for the current fiscal year.

Global Net Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Friday, October 11th were given a $0.275 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.10 annualized dividend and a dividend yield of 15.12%. Global Net Lease’s dividend payout ratio is currently -117.02%.

Global Net Lease Company Profile

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.